Berkshire Hathaway announced on Friday (3) the dismemberment of the positions of chairman of the Council and CEO in its last change in status. The measure had been preparing the ground so that Greg Abel succeeds Warren Buffett as the main executive from January 1.
The movement occurs after the mega -coating announced in May during the conglomerate annual meeting, surprising the market. At the time, Berkshire said Buffett will continue as chairman of the board.
The company’s board approved earlier this week the change in statutes to differentiate the two main positions, according to a document sent to the US Securities Commission on Friday.
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With the separation, Buffett, who has been running since 1965, could remain chairman of the Council while Abel assumes the role of CEO next year.
